Euro flies high…for now

John Kosar, director of research with Asbury Research in Chicago, thinks the dollar is due for a bit of a bounce against the euro, but probably not a massive surge.

That’s key. Kosar said that as long as the dollar doesn’t go on a major tear against the euro, that might be further evidence that investors are getting used to the notion that the worst may be over for the economy and that the recovery, albeit a modest one, is for real.

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